SBI Mutual Fund

SBI Mutual Fund (SBIMF) is a joint venture of State Bank of India (SBI) with AMUNDI (France), one amongst the top fund management firms in the world. Headquartered in Mumbai, it is managed by SBI Funds Management Pvt. Ltd. which has a track record of over 30 years of in fund management. The trustee company to the SBI Mutual Fund is the SBI Mutual Fund Trustee Company Private Limited. During the period 2016-17, SBI Mutual Fund was able to achieve a growth of 47.05% on the basis of its average Assets Under Management (AUM). In the same year, it emerged as India’s largest Exchange Traded Funds (ETF) asset manager with AUM of Rs.23,816 crore. The fund house has 165 branches across India and as of March 2017, it has 57,004 AMFI certified agents. SBI Mutual Fund has more than 222 points of acceptance in the country and their main aim is the delivery of value and to replenish the trust of the investors. With a mammoth customer base of more than 5.4 million investors, the SBI Mutual Fund is one of the largest mutual funds in India.

SBI Mutual Fund Key Features and Advantages:

The key features of the SBI Mutual Fund can be summed up as follows:

1. SBI Mutual Fund offers around 61 schemes which are spread across different categories. This helps meet the investment objectives of different types of investors.
2. The SBI Mutual Fund delivers value and retains the trust of the investors through a huge network of more than 222 points of acceptance around the country.
3. The main philosophy of the SBI Mutual Fund is ‘growth through innovation’. It sticks to the philosophy. The investment policies have been set up accordingly.
4. With more than 5.4 million investors across the country, the SBI Mutual Fund is one of the biggest investment management firms in the country.
5. It is one of the most reliable and one of the fastest growing mutual funds in India.

SBI Mutual Fund Account Statement:

The status of your account statement under the SBI Mutual Fund can be checked online. The following steps are required to be followed to check the status of the account statement:

1. You need to visit the official website of the SBI Mutual Fund at www.sbimf.com.
2. On the homepage of SBI Mutual Fund click on the ‘Investor Corner’ option from the top menu.
3. This will give you a drop-down menu.
4. From the drop-down menu, select the ‘Statement of Account’ option. This will take you to a new webpage.
5. On the ‘Mutual Fund Statement of Account’ page, select the option of ‘Folio’ or ‘PAN’.
6. Under this option, you have to enter your Folio Number or your Permanent Account Number (PAN) to proceed.
7. You can tick the checkbox next to the ‘Schedule Statement of Account’ and select a frequency from ‘Weekly’, ‘Monthly’, or ‘Quarterly’.
8. Click on ‘SUBMIT’ and an email will be sent to the email ID which is registered with the SBI Mutual Fund. In case you have not registered your email ID, an option is provided on the same page where you can register your email ID. It is important to register your email ID as the statement of account will be sent to the email ID.

Types of funds offered by SBI Mutual Fund

SBI Mutual Fund offers 61 schemes across the categories - equity, debt, hybrid, solution-oriented and index funds.

Equity Funds by SBI Mutual Fund

Equity funds predominantly invest in stocks and hence, are sometimes also referred to as stock funds. In the equity category, SBI Mutual Fund offers 26 schemes (18 open-ended schemes and 8 close-ended schemes), the brief features of which are given below:

1. SBI Magnum Midcap Fund - It is an open-ended growth scheme that helps investors earn profits on their investments over a long term and this is achieved by concentrating investments on equity stocks of mid cap companies.
1. Investment Objective - To provide investors with a chance to grow their capital and offer liquidity of an open-ended scheme by investing in the stocks of mid cap companies.
2. Ideal for - Investors who are willing to take high risks and wish to grow their investments over a longer duration.

Scheme features:

Benchmark Index	Nifty Midcap 150 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% entry load on exiting the scheme within 1 year. No entry load for exiting after 1 year
Riskometer	Moderately High
Fund Manager	Ms. Sohini Andani

2. SBI Magnum Multicap Fund - It is an open-ended growth scheme which actively manages investments in equity stocks that are diverse and spans the complete market capitalisation spectrum.
1. Investment Objective - To provide long term capital growth to investors while also offering the liquidity that an open-ended scheme furnishes by investing in a diversified portfolio of equity stocks.
2. Ideal for - Investors with an appetite for risks and who wish to earn profitable returns on their investments.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.1,000
Entry Load	Not Applicable
Exit Load	1% entry load on exiting the scheme within 12 months from unit allotment date. No entry load for exiting a scheme after 1 year
Riskometer	Moderately High
Fund Manager	Mr. Anup Upadhyay

3. SBI Bluechip Fund - It is an open-ended growth scheme that presents investors with an opportunity to grow their capital over a long term by investing in equities of companies with large market capitalisation.
1. Investment Objective - To generate long term capital gains for the investor by concentrating its investments in equities of large cap firms through active management of investments.
2. Ideal for - Investors who seek capital appreciation over a long term and who are willing to take high risks.

Scheme features:

Benchmark Index	S&P BSE 100 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date
Riskometer	Moderately High
Fund Manager	Ms. Sohini Andani

4. SBI Magnum Equity ESG Fund - This is an open-ended equity scheme that invests in companies following the ESG (Environmental, Social, and Governance) framework where the value of a security will be determined by the ESG scores.
1. Investment Objective - To provide gainful returns to the investor by actively managing the investments in a diversified bouquet of companies following ESG norms.
2. Ideal for - Investors with a high-risk appetite and who wish to grow their investments over a long term.

Scheme features:

Benchmark Index	Nifty 100 ESG Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.1,000
Entry Load	Not Applicable
Exit Load	Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date
Riskometer	High
Fund Manager	Mr. Ruchit Mehta

5. SBI Large and Midcap Fund - This scheme was earlier known as SBI Magnum Multiplier Fund and is an open-ended equity scheme that invests in large and mid cap stocks.
1. Investment Objective - To offer the investor a chance to grow their capital over a long term by investing in a portfolio that predominantly consists of equities of large and mid cap companies.
2. Ideal for - Investors with a high-risk appetite and who wish to gain capital appreciation over a long term.

Scheme features:

Benchmark Index	S&P BSE Large Mid Cap
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date
Riskometer	Moderately High
Fund Manager	Mr. Saurabh Pant

6. SBI Magnum Tax Gain Scheme - This is an open-ended equity linked savings scheme that has a statutory 3 year lock-in period and invests in a mix of equity, equity-related instruments, debt securities, and money market instruments.
1. Investment Objective - To provide investment benefits to the investor by investing in a portfolio consisting of mainly equities while also offering tax benefits under Section 80C of the Income Tax Act, 1961.
2. Ideal for - Investors who wish to enjoy tax benefits while achieving capital appreciation.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dinesh Balachandran

7. SBI Magnum Global Fund - It is an open-ended equity scheme that follows a bottom-up approach to choose companies that are categorised as an MNC (Multinational Company). MNCs are companies whose major stocks are held by a foreign entity, listed internationally, and whose 50% turnover or more comes from regions outside India.
1. Investment Objective - To offer investors an opportunity to achieve maximum growth of capital by investing in multinational companies possessing high growth potential.
2. Ideal for - Investors who wish to grow their capital over long term and who wish to invest in stocks belonging to MNCs.

Scheme features:

Benchmark Index	Nifty MNC
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date
Riskometer	High
Fund Manager	Mr. Anup Upadhyay

8. SBI Consumption Opportunities Fund - Earlier known as SBI FMCG Fund, this scheme is an open-ended equity scheme that follows the consumption theme while investing. It follows a bottom-up strategy while choosing stocks and always picks companies in the consumption segment.
1. Investment Objective - To present a chance to investors to grow their capital by concentrating investments in equities of companies in the consumption space.
2. Ideal for - Investors who seek capital gains over a long term and wish to invest in stocks of Fast Moving Consumer Goods (FMCG) companies.

Scheme features:

Benchmark Index	Nifty India Consumption Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	0.50% - For exiting within 15 days from allotment date. No entry load will be charged for exiting after 15 days
Riskometer	High
Fund Manager	Mr. Saurabh Pant

9. SBI Technology Opportunities Fund - This scheme was previously known as the SBI IT Fund and is an open-ended equity scheme that primarily invests in equities of technology firms. While investing, the scheme picks companies that are capable of huge growth by using the latest technologies.
1. Investment Objective - To allow investors to derive maximum growth on their investments by investing in equities of IT companies with high growth potential.
2. Ideal for - Investors who wish to grow their capital over long term and wish to take advantage of technology companies possessing huge growth potential to fetch good returns.

Scheme features:

Benchmark Index	S&P BSE Teck Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	0.50% - For exiting within 15 days from allotment date. No entry load will be charged for exiting after 15 days
Riskometer	High
Fund Manager	Mr. Anup Upadhyay

10. SBI Healthcare Opportunities Fund - Earlier known as SBI Pharma Fund, this is an open-ended equity scheme that concentrates its investments in equities of healthcare firms.
1. Investment Objective - To fetch maximum capital appreciation for the investor by investing in equity stocks of companies of healthcare sector.
2. Ideal for - Investors seeking capital gains over a long term and who wish to invest in equities of healthcare companies.

Scheme features:

Benchmark Index	S&P BSE Healthcare Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	0.50% for exiting within 15 days from allotment date. No exit load for exiting after 15 days.
Riskometer	High
Fund Manager	Mr. Tanmaya Desai

11. SBI Contra Fund - This is an open-ended equity scheme that follows the contrarian investment approach which is characterised by purchasing assets that aren’t performing well and selling them when they show good performance.
1. Investment Objective - To provide an opportunity to investors to grow their investments over a long term by investing in a portfolio of equity and its associated securities by adopting the strategy of contrarian investment.
2. Ideal for - Investors who wish to derive maximum growth out of their investments.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	If exited before 1 year from allotment date, exit load of 1% will apply. No exit load for exiting after 1 year
Riskometer	Moderately High
Fund Manager	Mr. Dinesh Balachandran

12. SBI Focussed Equity Fund - This scheme was previously known as SBI Emerging Businesses Fund and it is an open-ended scheme that predominantly invests in a maximum of 30 stocks across multicap sectors.
1. Investment Objective - To provide an opportunity to investors to achieve capital gains by investing in a mix of equity and equity-related securities.
2. Ideal for - Investors seeking capital appreciation and who have a high-risk appetite.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	If exited before 1 year from allotment date, exit load of 1% will apply. No exit load for exiting after 1 year
Riskometer	Moderately High
Fund Manager	Mr. R Srinivasan

13. SBI Magnum Comma Fund - This is an open-ended equity scheme that invests in commodity and commodity related segments such as Oil and Gas (Petrochemicals, Gas, Power, etc.), Materials (Jute, Paper, Cement, etc.), Metals (Aluminium, Zinc, Copper, Silver, Bullion, etc.), Textiles, Agriculture (Tea, Sugar, Edible Oil, etc.).
1. Investment Objective - To create growth opportunities and provide consistent returns of investment by investing mainly in portfolios the equities of firms engaged in commodity related business.
2. Ideal for - Investors seeking capital growth over a long term and who wish to invest in commodity related stocks.

Scheme features:

Benchmark Index	NIFTY Commodities Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% exit load will apply for exit before 12 months from allotment date. No exit load will apply for redemption/exit
Riskometer	High
Fund Manager	Mr. Richard D’souza

14. SBI Infrastructure Fund - This open-ended growth scheme was previously known as SBI Infrastructure Fund Series I and its primary investment is on infrastructure and its allied sectors.
1. Investment Objective - To offer investors a chance to grow their capital over a long term through an active portfolio management of infrastructure-related stocks and also in debt and money market securities.
2. Ideal for - Investors who wish to grow their investments and have a high appetite for risk.

Scheme features:

Benchmark Index	NIFTY Infrastructure Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% exit load will apply for exit before 12 months from allotment date. No exit load will apply for redemption/exit
Riskometer	High
Fund Manager	Mr. Richard D’souza

15. SBI PSU Fund - This is an open-ended equity scheme that invests in equities of Public Sector Undertakings (PSUs) and their subsidiaries. It also allocates a portion of the investments in debt securities and money-market instruments.
1. Investment Objective - To offer long term capital appreciation opportunities to the investor by actively managing the portfolios consisting of stocks of PSU and its subsidiaries.
2. Ideal for - Investors who wish to gain capital appreciation and who wish to invest in stocks of domestic PSUs.

Scheme features:

Benchmark Index	S&P BSE PSU Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% exit load will apply for exit before 12 months from allotment date. No exit load will apply for redemption/exit
Riskometer	High
Fund Manager	Mr. Richard D’souza

16. SBI Tax Advantage Fund - Series II - This is a 10-year close-ended equity linked savings scheme whose new fund offer was opened for subscription from 22 December 2011 to 21 March 2012.
1. Investment Objective - To create capital gains over a period of 10 years by primarily investing in equity and associated instruments of large, mid, and small cap companies while also offering tax benefit.
2. Ideal for - Investors seeking capital appreciation over a period of 10 years.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500 during New Fund Offer
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dharmendra Grover

17. SBI Smallcap Fund - This scheme was previously called SBI Small & Midcap Fund and is an open-ended equity scheme that invests in stocks of small cap companies
1. Investment Objective - To generate capital gains to the investor while also providing liquidity by investing in equities of small cap firms with high growth potential.
2. Ideal for - Investors who wish to achieve capital appreciation over a long term and who wish to invest in a diversified basket of equities of small cap companies.

Scheme features:

Benchmark Index	S&P BSE Small Cap Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% on exiting before 1 year from allotment date. No exit load applies on exiting after 1 year from allotment date.
Riskometer	Moderately High
Fund Manager	Mr. R Srinivasan

18. SBI Gold Fund - This is an open-ended Fund of Fund scheme that invests in SBI ETF Gold and was previously known as SBI GETS.
1. Investment Objective - To offer capital appreciation to investors closely matching the returns given by SBI-ETF Gold.
2. Ideal for - Investors who wish to invest in SBI-ETF Gold and who wish to grow their capital over a long term.

Scheme features:

Benchmark Index	Price of Gold
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% exit load for exit before 1 year from allotment date. No exit load will apply after 1 year
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

Close-ended equity schemes

1. SBI Tax Advantage Fund - Series III - This is a 10-year close-ended equity-linked savings scheme whose new fund offer was open for subscription between 28 December 2013 and 27 March 2014.
1. Investment Objective - To generate capital gains for the investor in a term of 10 years by investing mainly in equity and equity-related instruments while also offering tax benefits.
2. Ideal for - Investors who wish to enjoy tax benefits while also achieving capital appreciation.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500 during new fund offer
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dharmendra Grover

2. SBI Long Term Advantage Fund - Series I - It is a 10-year close-ended equity linked savings scheme whose new fund offer was open for subscription from 1 November 2014 to 31 January 2015.
1. Investment Objective - To provide an opportunity to investors to grow their investment while also offering tax benefits. Capital appreciation will be achieved by investing in equities and its associated instruments.
2. Ideal for - Investors seeking capital growth over 10 years and who wish to invest in equity and equity-related securities.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500 during new fund offer
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dharmendra Grover

3. SBI Long Term Advantage Fund - Series II - This is a 10-year close-ended equity-linked savings scheme that was open for subscription from 22 December 2014 to 23 March 2015. The scheme predominantly invests in equities, fully convertible debentures, and cumulative convertible preference stocks of firms.
1. Investment Objective - To provide investors an opportunity to grow their investments over a 10-year period by making investments in equity and its associated instruments.
2. Ideal for - Investors who are seeking capital appreciation and who wish to invest in equity-related securities while also saving tax.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500 during new fund offer
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dharmendra Grover

4. SBI Banking and Financial Services Fund - This is an open-ended equity scheme that invests mainly in the banking and financial services sector including Non Banking Financial Institutions (NBFCs), brokerage firms, insurance firms, microfinance companies, rating agencies, wealth management firms, etc.
1. Investment Objective - To create capital appreciation for investors from a portfolio comprising stocks of companies engaged in financial and banking activities.
2. Ideal for - Investors who wish to grow their investments through a portfolio of equity and its associated securities of financial and banking institutions.

Scheme features:

Benchmark Index	Nifty Financial Services Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	1% for exiting before 1 year from allotment date. No exit load for exiting after 1 year from allotment date
Riskometer	High
Fund Manager	Ms. Sohini Andani

5. SBI Equity Opportunities Fund - Series IV - This is a close-ended equity scheme that was open for subscription from 7 October 2015 to 21 October 2015. The duration of the scheme is 3 years and the scheme invests in equity and its associated securities.
1. Investment Objective - To offer capital gains for the investor by investing in a diversified portfolio of equity and its associated securities.
2. Ideal for - Investors who wish to grow their capital and who have a high appetite for risk.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000 during new fund offer
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dharmendra Grover

6. SBI Long Term Advantage Fund - Series III - This is a 10-year close-ended equity linked savings scheme that allocates its investments in equities, fully convertible debentures, and cumulative convertible preference stocks.
1. Investment Objective - To create capital gains for the investor by concentrating its investment in equity and equity-related securities while also letting the investor enjoy tax benefits.
2. Ideal for - Investors who wish to reap tax benefits and grow their capital.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500 during new fund offer
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Dharmendra Grover

7. SBI Long Term Advantage Fund - Series IV - This is a 10-year close-ended equity-linked savings scheme, the subscription of which is yet to be confirmed. The scheme will offer tax saving benefits to the investor and will invest in equity and its associated instruments.
1. Investment Objective - To create capital appreciation for the investor by concentrating its instruments on equity and its related securities.
2. Ideal for - Investors who wish to save tax while growing their capital.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. R Srinivasan

8. SBI Long Term Advantage Fund - Series V - This is a 10-year close-ended equity scheme that will invest a major portion in equities, bonds, cumulative convertible preference shares, debentures and a small portion in money market instruments. The scheme will have a 3 year lock-in period from allotment date.
1. Investment Objective - By investing in equity and its associated securities, the scheme’s objective is to create capital gains for the investor while also offering tax benefits.
2. Ideal for - Investors who wish to enjoy tax benefits under Section 80C of the Income Tax Act, 1961 and grow their capital at the same time.

Scheme features:

Benchmark Index	S&P BSE 500 Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. R Srinivasan

Debt Funds by SBI Mutual Fund

Debt funds mainly invest in fixed income securities, bonds, and money market instruments. SBI Mutual Fund offers 13 open-ended schemes in this category, the features of which are given below:

1. SBI Magnum Income Fund - This is an open-ended debt scheme that invests on the basis of continuous evaluation of market dynamics, macro-economic factors, and debt-issuer specific factors. By actively managing the credit risk, the scheme aims to offer attractive returns to the investor.
1. Investment Objective - To offer an opportunity to investors to grow their investment as per their requirements and providing a regular income in the form of dividends by investing in debt securities.
2. Ideal for - Investors who wish to earn a regular income over medium to long term and invest in debt instruments.

Scheme features:

Benchmark Index	CRISIL Composite Bond Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	For exiting before 1 year: No exit load for 10% of the investment, 1% for rest of the investment. No exit load will be charged on exiting after 1 year from allotment date
Riskometer	Moderate
Fund Manager	Mr. Dinesh Ahuja

2. SBI Overnight Fund - Earlier known as SBI Magnum InstaCash Fund-Liquid Floater, this open-ended debt scheme invests in overnight securities to produce returns that correspond to overnight money market rates. Overnight securities are ones which mature on the next business day and include reverse repo and CBLO.
1. Investment Objective - To present investors with an opportunity to invest in securities that mature overnight and grow their capital.
2. Ideal for - Investors who are interested in making investments in overnight securities and generate regular income over a short term.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Low
Fund Manager	Mr. R Arun

3. SBI Magnum Medium Duration Fund - Previously known as SBI Regular Savings Fund, this is an open-ended medium term scheme that invests in instruments fulfilling the Macaulay Duration of 3 years and 4 years. Macaulay Duration measures the average life of an asset/security.
1. Investment Objective - To give a chance to investors to fetch attractive returns on their investment as well as enjoy liquidity by investing in debt securities and money market instruments.
2. Ideal for - Investors who wish to receive a regular income over a medium term and who prefer investing in debt and money market instruments.

Scheme features:

Benchmark Index	Nifty Medium Duration Debt Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	For exit within 1 year from allotment date: No exit load for 8% of the investment, for the remaining investment 1.5% exit load will be charged. No exit load for exiting after 1 year
Riskometer	Moderate
Fund Manager	Mr. Dinesh Ahuja

4. SBI Liquid Fund - This is an open-ended scheme that was previously called as SBI Premier Liquid Fund that invests in a complete range of debt and money market instruments so as to provide attractive returns. The scheme offers low risks and high liquidity to investors.
1. Investment Objective - To provide an opportunity to investors to grow their capital by investing in a complete range of debt instruments including debt derivatives, and also in money market instruments with a residual maturity of up to 91 days.
2. Ideal for - Investors looking for regular income for short term and who prefer investing in debt and money market instruments.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.50,000 for every plan other than the Growth plan for which the minimum investment is Rs.5,000
Entry Load/Exit Load	Not Applicable
SIP Option	Not Available
Riskometer	Low
Fund Manager	Mr. R Arun

5. SBI Dynamic Bond Fund - This is an open-ended dynamic debt scheme that invests in superior quality debt securities with varied maturities. The scheme follows a strategy of active duration management.
1. Investment Objective - To fetch attractive returns for the investor by investing in superior quality debt securities with varying maturities.
2. Ideal for - Investors seeking capital growth and who wish to receive regular income over a medium term.

Scheme features:

Benchmark Index	CRISIL Composite Bond Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	For exiting before 1 month from allotment date: No exit load for 10% of investment. For remaining investment, exit load of 0.25% will apply. No exit load for exiting after 1 month.
Riskometer	Moderate
Fund Manager	Mr. Dinesh Ahuja

6. SBI Magnum Ultra Short Duration Fund - This open-ended ultra-short liquid scheme was earlier known as SBI Magnum InstaCash Fund and invests in a portfolio that fulfills the Macaulay Duration of 3 months to 6 months.
1. Investment Objective - To provide a chance to investors to generate frequent income while also offering high liquidity by investing mainly in debt securities (central and state government securities, debt derivatives, etc) and money market instruments.
2. Ideal for - Investors who wish to receive regular income over short term and who prefer to invest in debt securities and money market instruments.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load/Exit Load	Not Applicable
SIP Option	Not Available
Riskometer	Low
Fund Manager	Mr. Rajeev Radhakrishnan

7. SBI Magnum Constant Maturity Fund - This scheme was previously known as SBI Magnum Gilt Fund-Short Term Plan and is an open-ended gilt fund scheme that invests in government securities with a constant maturity of around 10 years.
1. Investment Objective - To generate attractive returns for the investor by investing in government securities, both central and state, with an average maturity of 10 years.
2. Ideal for - Investors who wish to have a regular income and prefer to invest in government securities.

Scheme features:

Benchmark Index	CRISIL 10 Year Gilt Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderate
Fund Manager	Mr. Mahak Khabla (Since May 2018)

8. SBI Magnum Low Duration Fund - This fund was previously known as SBI Ultra Short Term Debt Fund and is a low duration open-ended debt scheme that invests in portfolios which exhibit Macaulay Duration of 6 months to 12 months.
1. Investment Objective - To present an opportunity to investors to achieve regular income and reasonable liquidity by investing in debt securities with Macaulay Duration of 6-12 months.
2. Ideal for - Investors looking to generate frequent income and who wish to invest in debt securities such as government securities, debt derivatives, etc.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately Low
Fund Manager	Mr. Rajeev Radhakrishnan

9. SBI Short Term Debt Fund - This is an open-ended short-term debt scheme that invests in instruments having a Macaulay Duration between 1 year and 3 years. Before investing, the market dynamics, macro-economic factors, and debt-issuer factors will be evaluated.
1. Investment Objective - To generate gainful returns for the investor by investing in a portfolio of debt securities that meets the Macaulay Duration of 1 to 3 years.
2. Ideal for - Investors looking for regular income over a short term and who wish to invest in debt securities.

Scheme features:

Benchmark Index	CRISIL Short Term Bond Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately Low
Fund Manager	Mr. Rajeev Radhakrishnan

10. SBI Magnum Gilt Fund - This open-ended debt fund was previously called as SBI Magnum Gilt Fund-Long Term Plan and it invests in government securities (central and state) across all maturities. Government securities are free of risks and this scheme generates capital gains by active management of risks related to interest rates.
1. Investment Objective - To fetch investment appreciation for the investor by investing in risk-free government securities of both state and central governments.
2. Ideal for - Investors who desire to invest in risk-free securities but grow their capital over a medium and long term.

Scheme features:

Benchmark Index	CRISIL Dynamic Gilt Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderate
Fund Manager	Mr. Dinesh Ahuja

11. SBI Credit Risk Fund - Earlier known as SBI Corporate Bond Fund, this open-ended debt scheme primarily invests in AA corporate bonds and bonds rated below it.
1. Investment Objective - To provide liquidity to the investor along with capital appreciation by investing in AA corporate bonds and the bonds rated below AA.
2. Ideal for - Investors who seek regular income over medium term and liquidity.

Scheme features:

Benchmark Index	CRISIL Composite Bond Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	For exiting before 1 year from unit allotment date: No exit load for 8% of investment. For remaining investment, exit load of 3% will apply. For exit after 1 year but before 2 years: No exit load for 8% of investment. For the remaining investment, exit load of 1.5% will apply. For exit after 2 years but before 3 years: No exit load for 8% of investment. For remaining investment, 0.75% exit load will apply. No exit load for exit after 3 years.
Riskometer	Moderate
Fund Manager	Mr. Lokesh Mallya and Ms. Mansi Sajeja

12. SBI Savings Fund - This is an open-ended debt scheme that invests only in money market instruments such as Commercial Papers (CP), Treasury Bills, Certificates of Deposit (CD), Commercial Bills, call or notice money, government securities with a maturity of up to 1 year, Usance Bills, etc.
1. Investment Objective - To grow the capital of investors by investing in money market instruments as defined by the SEBI/RBI from time to time.
2. Ideal for - Investors who seek regular income over a short term and prefer to invest in money market instruments.

Scheme features:

Benchmark Index	CRISIL Liquid Fund Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.500
Entry Load	Not Applicable
Exit Load	0.1% for exit before 3 business days from the units allotment date. No exit load will apply after 3 business days
Riskometer	Moderately Low
Fund Manager	Mr. R Arun

13. SBI Banking and PSU Fund - Previously known as SBI Treasury advantage Fund, this open-ended debt scheme invests a major portion in debt securities of Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs), banks, and municipal bodies. The fund also allocates a small portion of its investments on government securities and other money market instruments.
1. Investment Objective - To create a source of regular income for the investor by investing in a judicious portfolio consisting of banks, PSUs, PFIs, and municipal bodies.
2. Ideal for - Investors who wish to receive regular income on their capital over medium term.

Scheme features:

Benchmark Index	CRISIL 1 year CD Index
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderate
Fund Manager	Mr. Rajeev Radhakrishnan

Hybrid Schemes by SBI Mutual Fund

In the hybrid category, SBI Mutual Fund has 14 (8 open-ended and 6 close-ended) schemes. All the schemes have been briefly explained below:

1. SBI Equity Hybrid Fund - Earlier known as SBI Magnum Balanced Fund, this is an open-ended hybrid scheme whose main investment is in equity and equity-related securities. It also allocates a portion of its investments on debt instruments (including securitised debt and money market instruments).

1. Investment Objective - To offer liquidity and capital appreciation to the investors over a long term by investing in a basket of equities of companies with high growth potential. The scheme also mitigates risk by investing in fixed income securities.
2. Ideal for - Investors who seek capital appreciation and wish to invest in a mix of equity and debt instruments.

Scheme features:

SBI Debt Hybrid Fund - Previously known as the SBI Magnum Monthly Income Plan, this open-ended hybrid scheme invests primarily on debt securities. Its secondary investment is made in equity and other associated instruments.

1. Investment Objective - To present investors with an opportunity to grow their capital through investments predominantly in debt and money market instruments. It also invests up to 25% of its investment on equity and associated instruments.
2. Ideal for - Investors looking for regular income and capital growth. Also, ideal for investors who wish to invest in a mix of debt and equity-related securities.

Scheme features:

SBI Multi Asset Allocation Fund - This scheme was previously known as the SBI Magnum Monthly Income Plan - Floater and is an open-ended scheme that invests in equity, debt, gold and its associated securities.

1. Investment Objective - To present investors with an opportunity to grow their capital by investing in multiple assets through active management of portfolio.
2. Ideal for - Investors who wish to diversify their portfolio by investing in a mix of fixed income instruments, equity and its associated securities.

Scheme features:

SBI Arbitrage Opportunities Fund - This is an open-ended scheme that invests in arbitrage opportunities that arise due to inefficiencies in the market.

1. Investment Objective - To offer capital gains to the investor by identifying arbitrage opportunities that are profitable while also investing in derivatives (index futures, stock futures, index options, etc.) and fixed income securities.
2. Ideal for - Investors who wish to invest for a short term and are looking at exploiting profitable arbitrage opportunities to grow their capital. Also, ideal for investors who seek regular income.

Scheme features:

SBI Dynamic Asset Allocation Fund - This is an open-ended dynamic asset allocation scheme that allocates its investments in favorable asset classes. The scheme will allocate capital in equity, debt, and cash based on 3 principles of momentum, exhaustion of momentum, and rate of change in momentum.

1. Investment Objective - To offer capital gains to the investor over long term by allocating investments in dynamic debt and equity securities.
2. Ideal for - Investors seeking capital appreciation and regular income over long term.

Scheme features:

SBI Equity Savings Fund - This is an open-ended scheme that invests in equity, debt, and arbitrage. A major portion of the assets is allocated to arbitrage opportunities in equity and its associated instruments including derivatives and some portion of the assets are allocated to debt securities.

1. Investment Objective - To offer capital appreciation and regular income to the investor through investment in arbitrage opportunities in derivatives and cash segment of the equity market.
2. Ideal for - Investors looking to achieve good returns and regular income on their investment.

Scheme features:

Close-ended hybrid schemes

In the close-ended category of hybrid funds, SBI Mutual Fund offers 6 schemes. Close-ended schemes are those in which units can be purchased only during the New Fund Offer (NFO) period. All these schemes invest in a mixture of equity and debt securities. The investment objective of these schemes is to generate capital gains for the investor.

The other features of all the schemes have been given below:

Scheme features:

Solution-oriented schemes from SBI Mutual Fund

In this category, SBI Mutual Fund offers one scheme known as SBI Magnum Children’s Benefit Plan. The proportion of investment in the type of securities will be done according to interest rates, economic conditions, liquidity, and risks associated. A small portion (up to 25%) of the capital will be invested in equity and its related instruments.

The scheme can also be classified under the open-ended hybrid scheme and has a lock-in period of at least 5 years or till the maturity of the child.

1. Investment objective - To offer attractive returns to the investor by investing in a mix of equity (including derivatives), debt securities (including government securities), and securitised debt.
2. Ideal for - Investors looking to grow their capital and who prefer to invest in a mix of equity and debt instruments.

Scheme features:

Other schemes by SBI Mutual Fund

Under this category, SBI Mutual Fund has 9 schemes (including ETFs and Index Funds) and all of them have been described below:

1. SBI Nifty Index Fund - This is an open-ended index fund that was previously known as SBI Magnum Index Fund and the fund invests in stocks consisting of the Nifty 50 Index in the same proportion as in the index. The returns achieved by the scheme will be on par with the Total Returns Index of the Nifty 50 Index.
1. Investment objective - To produce capital returns for the investor by adopting a passive investment approach of investing in stocks that comprise the Nifty 50 Index.
2. Ideal for - Investors who wish to grow their capital over a long term and wish to achieve returns similar to the one offered by Nifty 50 Index.

Scheme features:

Benchmark Index	Nifty 50 Index
Total Expense Ratio	0.65% - Regular Plan 0.25% - Direct Plan
Investment Options	Growth and Dividend
Minimum Investment	Rs.5,000
Entry Load	Not Applicable
Exit Load	0.2% for exit before 15 days of unit allotment date. No exit load after 15 days of allotment.
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

2. SBI ETF Gold - This is an open-ended Gold Exchange Traded scheme that invests in gold and its related instruments. The scheme aims to monitor gold prices. Just like stocks, the units of this scheme can be purchased and sold on the National Stock Exchange (NSE).
1. Investment objective - To generate attractive returns resembling the returns offered by gold prices through investment in physical gold. However, due to tracking error, the performance of the scheme may slightly differ from the underlying asset i.e, gold.
2. Ideal for - Investors who wish to invest in physical gold but do not want the hassle of storing or safeguarding it.

Scheme features:

Benchmark Index	Price of Gold
Total Expense Ratio	1.049% (inclusive of GST on management fees)
Investment Options	Growth
Minimum Investment	Directly with fund - redemption/creation in exchange of portfolio deposit and cash component in unit size creation (1,000 units) On the exchange - 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

3. SBI ETF Sensex - It is an open-ended exchange traded scheme that tracks the S&P BSE Sensex Index and has a low expense ratio when compared with other mutual fund schemes that are actively managed. Investment in this scheme entitles investors to reap tax benefits under RGESS.
1. Investment objective - To provide returns resembling the returns offered by S&P BSE Sensex by holding its stocks in the same proportion.
2. Ideal for - Investors seeking capital gains over a long term and prefer investing in securities of S&P BSE Sensex.

Scheme features:

Benchmark Index	S&P BSE Sensex
Total Expense Ratio	0.069% (inclusive of GST on management fees)
Investment Options	Not available
Minimum Investment	Directly with fund - redemption/creation in exchange of portfolio deposit and cash component in unit size creation (2,000 units) On the exchange - 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

4. SBI - ETF Nifty Next 50 - It is an open-ended scheme that monitors the Nifty Next 50 Index and aims to harness the growth prospects of firms to generate good returns. Subscription to the units of the SBI ETF Nifty Next 50 scheme can be done only through Dematerialised (electronic) mode.
1. Investment objective - To offer investors capital returns similar to the returns provided by the underlying Nifty Next 50 Index.
2. Ideal for - Investors who wish to invest in securities of Nifty Next 50 Index and achieve capital appreciation over a long duration.

Scheme features:

Benchmark Index	Nifty Next 50 Index
Total Expense Ratio	0.2% (inclusive of GST on management fees)
Investment Options	Not Available
Minimum Investment	Directly with fund - redemption/creation in exchange of portfolio deposit and cash component in unit size creation (10,000 units) On the exchange - 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

5. SBI - ETF Nifty Bank - It is an open-ended exchange traded scheme and mimics the Nifty Bank Index which reflects the performance of Indian banks in the capital market. The fund is listed on the National Stock Exchange and subscription to the units can be availed only through a dematerialised mode.
1. Investment objective - To provide an opportunity for investors to achieve returns that commensurate to the returns offered by the underlying index. The returns may slightly differ due to tracking error.
2. Ideal for - Investors who seek appreciation of capital over a long duration and who prefer to invest in securities of Nifty Bank Index.

Scheme features:

Benchmark Index	Nifty Bank Index
Total Expense Ratio	0.2% (inclusive of GST on management fees)
Investment Options	Not Available
Minimum Investment	Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’ (5,000 units) On the exchange - 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	High
Fund Manager	Mr. Raviprakash Sharma

6. SBI ETF - BSE 100 - This is an open-ended exchange traded scheme that closely monitors the S&P BSE 100 Index and is passively managed to offer investors a cost-effective mode of investment. The fund will be listed on the Bombay Stock Exchange (BSE) and units will be available in dematerialised mode only.
1. Investment objective - To produce maximum capital returns for the investor similar to the returns generated by the underlying index.
2. Ideal for - Investors who wish to grow their capital over a longer duration by investing in securities of S&P BSE 100 Index.

Scheme features:

Benchmark Index	S&P BSE 100 Index
Total Expense Ratio	0.140% (inclusive of GST on management fees)
Investment Options	Not Available
Minimum Investment	Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’(2 lakh units) On the exchange - 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

7. SBI - ETF Nifty 50 - This is an open-ended exchange traded scheme that tracks the Nifty 50 Index, the computation of which is done using the free float market capitalisation method. The units of the scheme can be traded on the NSE in dematerialised mode only.
1. Investment objective - To generate capital returns that commensurate with the returns provided by the underlying Nifty 50 Index.
2. Ideal for - Investors who wish to inflate their capital over a long term and prefer to invest in securities present in the Nifty 50 Index.

Scheme features:

Benchmark Index	Nifty 50 Index
Total Expense Ratio	0.069% (inclusive of GST on management fees)
Investment Options	Not Available
Minimum Investment	Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’ (50,000 units) On the exchange: 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderately High
Fund Manager	Mr. Raviprakash Sharma

8. SBI - ETF 10 Year Gilt - This is an open-ended exchange traded scheme that offers investors the flexibility to trade on stock exchanges, diversification, liquidity, and a cost-effective way of investment. The units of this scheme can be traded only in a dematerialised mode.
1. Investment objective - To produce optimal returns for the investor that match the returns generated by the underlying index.
2. Ideal for - Investors who wish to invest their capital for a medium or long term and prefer investing in securities comprising the Nifty 10 year Benchmark G-Sec Index.

Scheme features:

Benchmark Index	Nifty 10 year Benchmark G-sec Index
Total Expense Ratio	0.140% (inclusive of GST on management fees)
Investment Options	Not Available
Minimum Investment	Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’ (5,000 units) On the exchange: 1 unit and its multiples thereafter
Entry Load	Not Applicable
Exit Load	Not Applicable
Riskometer	Moderate
Fund Manager	Mr. Mahak Khabia

9. SBI Gold Fund - This scheme has been described under equity schemes.

Eligibility for investing in SBI Mutual Fund

The below list of persons/entities are eligible to invest in the units of SBI Mutual Fund:

• Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
• Minors through legal guardian or parent
• Hindu Undivided Family (HUF)
• Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) on repatriation or non-repatriation basis
• Companies, corporate bodies, Public Sector Undertakings (PSUs), Societies registered under the Societies Registration Act, 1860
• Partnership firms formed under the Partnership Act, 1932
• Religious and Charitable Trusts, Wakfs or endowments of private trusts
• Qualified Foreign Investor and Foreign Portfolio Investor
• Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
• Foreign Institutional Investors (FIIs)
• Scientific and Industrial Research Organisations
• Army, Navy, Air Force, and other paramilitary funds
• Provident/Gratuity/Pension and other such funds as and when permitted to invest
• International Multilateral Agencies approved by the RBI and Government of India
• A mutual fund through its schemes including Fund of Funds schemes

Documents required for investing in SBI Mutual Fund

To invest in the schemes of SBI Mutual Fund, the investor has to complete the Know Your Customer (KYC) process. The KYC process is a one-time process which means that if the investor has completed the process earlier in the securities market, he/she need not do it again. However, if the investor has not completed the process, he/she needs to fill up the KYC application form available at the official website of the fund house or AMFI (Association of Mutual Funds of India), and from mutual fund advisors/brokers. Once the application form is filled, it needs to be submitted at any of the SEBI registered intermediaries with the below documents:

• Identity Proof
• Address Proof
• Passport
• Passport size photograph

Once the KYC process is completed, the investor can start investing in the schemes of SBI Mutual Fund provided that he/she has a Permanent Account Number (PAN) and a bank account.

How to invest in SBI Mutual Fund Online?

There are 4 ways through which investors can invest in SBI Mutual Fund - online, offline, mobile, and m-Easy app. To invest through the online mode, investors need to follow the below steps:

• Visit the official site of SBI Mutual Fund - www.sbi.mf.com
• Click on the ‘Invest Now’ button and then on the ‘New User’ button.
• The investor then needs to enter his/her PAN, email ID, mobile number, and select a password.
• Select the ‘Register’ button.
• Once the registration is complete, investors can use the ‘New Investment’ button and start investing.

Frequently Asked Questions

1. I am an NRI and interested to invest in SBI Mutual Fund. How do I complete my KYC formalities?

Answer: Non-Resident Indians (NRIs) are permitted to invest in the schemes of SBI Mutual Fund provided they are KYC (Know Your Customer) compliant. To complete the KYC procedure, you will need to download the KYC form, fill it, and submit it at any of the servicing centres of SBI Mutual Fund. Ensure that the ‘In-Person Verification’ section of your form has been completed by a distributor of Association of Mutual Funds in India (AMFI) or National Institute of Securities Markets (NISM) or a scheduled commercial bank. The distributor should comply with the Know Your Distributor (KYD) guidelines.

2. Can I know where and how my money is being invested?

Answer: Yes, you can. It is a mandate for mutual fund houses to disclose their complete portfolios once every 6 months. The information about the portfolios is published in leading newspapers. Some fund houses also send out the information about the securities invested in, the proportion in which they have been invested in, Net Asset Values (NAV), etc., to their unit holders. Illiquid securities, Non-Performing Assets (NPAs), and investments made in debt securities (rated and unrated), are also declared by the fund houses.

3. If I have invested in a particular mutual fund scheme and the scheme winds up, what happens to my money?

Answer: You will receive a payout from the mutual fund house based on the prevailing NAV, after the expenses are adjusted, if the scheme that you have invested in is winding up. You will also receive a report containing all the necessary details of the wind-up.

4. What is a New Fund Offer and can I invest in it? How do I know when SBI Mutual Fund launches a new fund offer?

Answer: A New Fund Offer (NFO) is a new mutual fund scheme that is being launched by the fund house and it presents investors with an opportunity to invest. An NFO can also be the launch of additional units of an existing close-ended scheme that are open for subscription to investors. Any individual or entity who is KYC compliant can subscribe to NFOs. At the moment, SBI Mutual Fund does not have any NFOs but you can subscribe to alerts to get notified when the NFOs are launched.

5. I don’t have a PAN card. Can I still invest in mutual funds?

Answer: Unfortunately, no. As per the guidelines issued by the Securities and Exchange Board of India (SEBI), a Permanent Account Number (PAN) is a must for investing in mutual funds. This regulation has been passed by SEBI to reduce the risk of money-laundering and fraud while also creating a conducive environment for investors.

6. What is a Direct and a Regular plan?

Answer: Any mutual fund scheme that allows you to invest directly with the Asset Management Company (AMC) is known as the Direct Plan of that scheme. A direct plan does not involve a broker or a distributor. As per a directive issued by the SEBI, all mutual fund schemes have to offer the direct plan option to its investors as a mandate. A Regular Plan on the other hand, involves a broker/agent/distributor and hence, the expense ratio on regular plans is higher.

7. I want to invest in a mutual fund. What are the things I should check for in the scheme information document?

Answer: Always ensure that you read the scheme information document (SID) carefully to check for features of the scheme you’re investing in, the risks involved, entry or exit loads, initial issue expenses, track record of the sponsors, professional experience of the fund managers managing the scheme, and the performance of schemes launched by the fund house previously. Also, be aware of penalties imposed and pending litigations, if any.

8. How do I get in touch with a mutual fund advisor of SBI Mutual Fund?

Answer: If you have any queries or complaints about SBI Mutual Fund, you can contact them by calling their toll-free helpline at 1800 425 5425 or 022 27786551/ 022 27756501 (local charges applicable). Timings are from 8:00 a.m to 8:00 p.m, Monday to Saturday. You can also reach them via email at customer.delight@sbimf.com. You can also walk in to any of their branch offices located in your vicinity.